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Soybean Oil SEPTEMBER 2020 has broken through resistance of a Channel Down. It has touched this line at least twice in the last 9 days.

Soybean Oil SEPTEMBER 2020 has broken through the resistance line of a Channel Down. It has touched this line at least twice in the last 9 days. This breakout indicates a potential move to 31.8950 within the next 2 days. Because we have seen it retrace from this positions in the past, one should wait for confirmation of the breakout before trading.

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